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never [62]
3 years ago
13

Mike Hansen has adjusted gross income of $28,350. During the year, Mike decided he needed a larger home. He purchased a home on

a golf course in the same town as his first home. Mike incurred $8,750 in moving expenses. How much of this can he include as an itemized deduction
Business
1 answer:
storchak [24]3 years ago
6 0

Answer:

<u>$0 (None)</u>

Explanation:

Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.

However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>

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Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate o
Hitman42 [59]

Answer:

1,212,723 shares

Explanation:

Given that,

Value of issuing preferred stock = $33,000,000

Discount rate = 11.87%

Dividend paid = $3.23

Price of preferred stock:

= Annual dividend ÷ discount rate

= $3.23 ÷ 0.1187

= $27.2115

Shares will they need to issue:

= Value of issuing preferred stock ÷ Price of preferred stock

= $33,000,000 ÷ $27.2115

= 1,212,723

3 0
3 years ago
An outside supplier has offered to provide Maxter Corp with the 10,000 subcomponents at a $65 per unit price. If Maxter Corp acc
Irina18 [472]

Answer:

Option b ($150,000 decrease) is the correct answer.

Explanation:

Given:

Fixed manufacturing overhead,

= $65

Units,

= 10,000

According to the question,

Current cost is:

= 70\times 10,000

= 700,000 ($)

The expected cost will be:

= Fixed \ manufacturing \ overhead+(Units\times Purchase \ price)

By substituting the values, we get

= (65\times 10000)+200000

= 650000+200000

= 850000

then,

= 850000-700000

= 150000 ($)

Thus the above is the right answer.

3 0
3 years ago
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
ankoles [38]
120.000 that’s what it should be
3 0
3 years ago
Esther will be helping Heather with her firm's billing but heather doesn't want Esther to have access to her firm's settings or
mezya [45]

The correct settings of the Quickbook is illustrated in C.

QuickBooks is an accounting software that's used by businesses for payments, payroll functions, etc.

From the information given, Heather doesn't want Esther to have access to her firm's settings or her clients' Quickbooks Online companies, therefore the best option will be to set the access to custom.

By setting the access to custom, Esther won't be able to have access to the settings. On the other hand, if the access was set to basic just like in the second option, Esther will have access. Also, it's important to set <u><em>"manage your clients</em></u>" to No when Esther will be in charge.

Read related link on:

brainly.com/question/25051354

4 0
2 years ago
Quality assurance in the dental office is a way of ensuring that everything possible is being done to produce high-quality diagn
garri49 [273]

Quality assurance in the dental office is a way of ensuring that everything possible is being done to produce high-quality diagnostic images and includes quality control administration procedures and control tests.

<h3>What is quality assurance?</h3>

These are the activities that ensure thorough checks are carried out in a system so that the requirements and objectives for a product or service will be accomplished.

In other words, it is the method which prevents or protect the mistakes and the defects in the products which are manufactured and avoid the problem when the product or service is delivered to the customer.

Learn more about quality assurance here: brainly.com/question/13876752

#SPJ1

5 0
1 year ago
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